Equiduct Systems gets new capital infusion from new investors. Equiduct Systems had obtained capital infusion from new investors such as BNP Paribas SA and Winterflood Securities.
Merchant banks
MNGV to Build Natural Gas Plant
MNGV to build RM7 billion gas plant in Tanjung Langsat, Johor, Malaysia. Malaysian NGV Sdn Bhd will be building a RM7 billion or US$2. 30 billion regasification facility to be located in Johor, Malaysia.
EFG Hermes and QInvest Deal Bottoms Out
Due to the lack of Egyptian regulatory approval, the EFG Hermes and QInvest deal was terminated. EFG Hermes is one of the largest investment financial institutions in the Gulf region.
Ebix Purchased by Goldman Sachs
Goldman Sachs acquires Ebix, the insurance software provider for US$20 per share. Ebix, the insurance software provider based out of Atlanta, GA has accepted to a US$20 per share buyout offer from Goldman Sachs.
US$44 Million Loan for Resource Capital
Resource Capital lands US$44 million loan. Resource Capital Corp announced today that it was able to close a US$44 million bridge loan. The loan was attained by using the 186,000 square foot grocery anchored shopping mall in Los Angeles, California as collateral.
Latest News
Banco Sabadell purchases Lloyd's Spanish retail and private banking operations. A GBP 250 million loss was taken by Lloyds on its sale of its loss making investment in Spanish banking to Banco Sabadell.
Sumitomo of Japan would be purchasing shares owned by TPG Capital in BTPN Bank of Indonesia. Sumitomo Mitsui Banking Corp of Japan is in discussion to purchase a US$1.
Mitsubishi UFJ Financial Group deals with Morgan Stanley and Deutsche Bank AG for deals. The American unit of Mitsubishi UFJ Financial Group Inc is in discussion about its sale of its trust banking services to clients of Morgan Stanley.
BFA earmarks Eur275 million shares for Bankia. Reuters reported today that BFA, the Spanish state owned banking group, has committed that it will spend up to Eur275 million or US$358 million on the acquisition of new shares to be released by subsidiary lender Bankia by May of this year.
Ageas issues Eur1.00 per share extraordinary dividend due to sale of RPI portfolio and BNP Paribas call option.
BBVA's AT1 bond issue is expected to be the first of many of its kind under the new Capital Requirements Regulation in Europe.
AgBank of China to issue 90 billion yuan worth of bonds. The Agricultural Bank of China Ltd will be issuing 90 billion yuan or US$14. 59 billion worth of bonds that are eligible for regulatory capital treatment.
Telenor Serbia and Societe Generale Srbijia would divvy up assets of KBC Banka. KBC, the banking and insurance group from Belgium, announced that it had agreed to sell its Serbian subsidiary KBC Banka.
Tata Steel is issuing ten year Singapore dollar denominated bonds at 5.25%. A local market deal has been formalized and was launched this morning. The deal was Tata Steel's ten year Reg S Singapore dollar denominated bond at 5.
